Oil

Defiant Saudi Arabia Says It Can Handle Low Oil Prices 'for a Long, Long Time'
Friday, January 22
If you are waiting for Saudi Arabia to save the oil market, don't hold your breath.
With Wave of Iranian Oil Imminent, a Shudder in Saudi Arabia
Monday, January 18
A new wave of oil from Iran will flow into a global market awash in oil where prices are plunging to depths not seen in a dozen years. With a historic nuclear deal between Iran, the U.S. and five other world powers set into place this weekend, a European oil embargo on the world's seventh-largest oil producer will end.
Oil Trades Near 5-Year Low as Russia Echoes OPEC Output Policy
Wednesday, December 17
Oil in New York traded near a five-year low as Russia reiterated that it will keep crude production steady next year, echoing OPEC’s strategy of refraining from curbing supply to tackle a global surplus.
OPEC Cuts 2015 Demand Forecast for Its Oil to Lowest in a Decade
Thursday, December 11
Global demand for OPEC crude in 2015 is expected to fall to the lowest level in more than a decade and far below current output, the group said on Wednesday, pointing to a hefty supply surplus without OPEC output cuts or a slowdown in the U.S. shale boom.
OPEC Inaction Sends Brent to Four-Year Low, Hits Stocks
Friday, November 28
Brent crude fell to a fresh four-year low on Friday, sending oil-related shares and currencies lower, after OPEC decided to refrain from cutting output despite a supply glut.
OPEC Heading for No Output Cut Despite Oil Price Plunge
Thursday, November 27
OPEC Gulf oil producers will not propose an output cut on Thursday, reducing the likelihood of joint action by OPEC to prop up prices that have sunk by a third since June.
Oil Exploration: Maurice Advance with Caution in the Search of Black Gold
Sunday, November 10
The discovery of oil in our waters would change dramatically the face of the Mauritian economy. If the Seychelles, which is our partner on this project has already started the machinery, however, Maurice proceeded with caution.
Beta Oil Terminal Invests Rs 400 Million in Mer Rouge
Sunday, September 15
After Vivo Energy Mauritius, Total Mauritius Ltd, Engen Petroleum Mauritius, Indian Oil Ltd, it is the turn of the company, Beta Oil Terminal Ltd. position for storage of petroleum products in Port Louis. Indeed, Beta Oil Terminal Ltd proposes to build three silos of fuels with a storage capacity of 19,700 cubic meters Mer Rouge.
Cooking Oil: Reasons Behind Prices Decline
Wednesday, July 10
Moroil and Ramdenee Edible Oil, which sell vegetable oil Rani and the Rajah brand respectively, reviewed this week their prices down. A motivated by lower commodity prices and strong competition in the sale of cooking oil making.
Consumption: 4.5% Drop in the Price of Edible Oil
Tuesday, July 09
From Monday 08 July, consumers have seen a 4.5% drop in the price of edible oil. The price of oil sold by Moroil accused yesterday down 4.5%, or Rs 2.35 per liter.
 

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